Provisional Translation

Press Conference by ASO Taro, Deputy Prime Minister, Minister of Finance, and Minister of State for Financial Services


(Friday, March 6, 2020, 9:36 am to 9:45 am)

[Opening remarks:]

Today, a bill for the partial revision of the Act on Sales, etc. of Financial Instruments was approved at a Cabinet meeting. In order to respond to digitalization in the financial field, this bill includes measures for the establishment of a one-stop financial service business for various financial services, and for setting up new classifications for large and small remittance sums in the money transfer business, which up until now had an upper limit of 1 million yen, among others. There is a strong demand for these, so we would like to request deliberation at an early stage.

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